Visualizing the Global Silver Supply Chain

Although silver is widely known as a precious metal, its industrial uses accounted for more than 50% of silver demand in 2020.

From jewelry to electronics, various industries utilize silver’s high conductivity, aesthetic appeal, and other properties in different ways. With the adoption of electric vehicles, 5G networks, and solar panels, the world is embracing more technologies that rely on silver.

But behind all this silver are the companies that mine and refine the precious metal before it reaches other industries.

The above infographic from Blackrock Silver outlines silver’s global supply chain and brings the future of silver supply into the spotlight.

The Top 20 Countries for Silver Mining

Although silver miners operate in many countries across the globe, the majority of silver comes from a few regions.

Rank	Country	2020 Production (million ounces)	% of Total
1	Mexico	178.1	22.7%
2	Peru	109.7	14.0%
3	China	108.6	13.8%
4	Chile	47.4	6.0%
5	Australia	43.8	5.6%
6	Russia	42.5	5.4%
7	Poland	39.4	5.0%
8	United States	31.7	4.0%
9	Bolivia	29.9	3.8%
10	Argentina	22.9	2.9%
11	India	21.6	2.8%
12	Kazakhstan	17.3	2.2%
13	Sweden	13.4	1.7%
14	Canada	9.3	1.2%
15	Morocco	8.4	1.1%
16	Indonesia	8.3	1.1%
17	Uzbekistan	6.3	0.8%
18	Papua New Guinea	4.2	0.5%
19	Dominican Republic	3.8	0.5%
20	Turkey	3.6	0.5%
N/A	Rest of the World	34.2	4.4%
N/A	Total	784.4	100%

Mexico, Peru, and China—the (Read more...)